Studies have shown links between calcium consumption and a reduction in osteoporosis. How does this affect the market for calcium?
A) The calcium supply curve shifts to the right because of a change in tastes in favor of calcium.
B) The calcium demand curve shifts to the right because of a change in tastes in favor of calcium.
C) The calcium demand curve shifts to the left because this new information will increase the price of calcium.
D) The calcium supply curve shifts to the left because this new information will increase the price of calcium.
Answer: B
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Natural gas is a natural monopoly. The figure shows the market for natural gas in the city of Lucknow. When an average cost price rule regulation is imposed, the price per household per month is ________
A) $30 and 20,000 household are served B) $10 and 40,000 household are served C) $25 and 20,000 household are served D) $20 and 30,000 households are served
If consumers believe the price of LCD televisions will decrease in the future, this will cause the demand for LCD televisions to increase now
Indicate whether the statement is true or false
Which of the following macroeconomic variables is procyclical and lags the business cycle?
A) Business fixed investment B) Employment C) Stock prices D) Nominal interest rates
(Consider This) North Korea's command economy:
A. is one of the few remaining command economies. B. has grown much faster than South Korea's economy since the two countries were divided after World War II. C. produces a per capita GDP of nearly $25,000. D. has undergone significant market reforms and is now one of the fastest-growing economies.